1.5 million in float? It is my opinion we saw the price/volume peak today. Will there be support at these levels? I don't know. Look for some wild swings. The one with patience will be well situated to take advantage of that.
Overall, I think CHRN is in a great position to consolidate the fragmented Chinese mining sector. This, I feel could be huge and ultimately make this a long term hold for those properly positioned.
If there are 1.5 mill in float, and 12 mill outstanding, then insiders own 80% of the company? Maybe my math is wrong, but that seems like a very volitil mix.
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